The Present Value of $13,000 Received Seven Years from Today,assuming

question 29

Multiple Choice

The present value of $13,000 received seven years from today,assuming an interest rate of 5% compounded annually is:

• A)$ 9,269.00
• B)$18,292.30
• C)$17,550.00
• D)$ 9,238.85

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Definitions:

Income Tax

A type of tax that governments impose on income generated by businesses and individuals within their jurisdiction.

Property

A legal right or interest that an individual has in a material or immaterial item, granting them ownership and control over it.

Securities Law

The body of law that governs the issuance and trading of stocks, bonds, and other investment instruments.

Issue Shares

The act of distributing new shares of stock to investors, usually to raise capital for the company.